Chipotle – McAlister’s Deli

• Nearby Market Driver — Located 1.5 miles east along E. Dixon Boulevard is Shelby High School, which is a 52.33 acre campus which includes a 7,000 seat football stadium, and has approximately 800 students enrolled. The school employs more than 200 people and has a significant impact on the surrounding area.
• Dense Retail Node — This site is located within a dense retail node 45 miles west of Charlotte, NC. Within a 1-mile radius of the site is more than 1.4M SF of retail space. Nearby national retailers include Lowe’s Home Improvement, Walmart Supercenter, ALDI, Hobby Lobby, Planet Fitness, Tractor Supply Co., Ingles, Cleveland Mall, and close proximity to Atrium Health Cleveland hospital.
• Positioned Along Shelby’s Primary Retail Corridor — Located along East Dixon Boulevard (U.S. Highway 74), a primary commercial thoroughfare in Shelby, NC, the property benefits from approximately 36,000 vehicles per day and strong regional connectivity.
• Full Service Drive-Thru Lanes — The building was constructed specifically to meet tenant needs, featuring individual, full service drive-thru lanes for both Chipotle and McAlister’s Deli, which creates efficiently and a streamlined customer experience for of the restaurants.
• New Construction — Constructed in 2025, the 6,500-square-foot, two-tenant retail building features contemporary architecture with brick accents, stucco finishes, a standing-seam metal roof, metal awnings, and an outdoor patio seating area. The property encompasses approximately 1.99 acres and includes 88 parking spaces, including six ADA-accessible spaces, with additional parking located behind the building.
• Attractive Lease Structure with Two National Tenants — Chipotle executed a new 10-year lease backed by a corporate guaranty, while McAlister’s Deli executed a new 15-year lease supported by a lease guaranty from the second-largest McAlister’s Deli franchisee in the United States. Both leases include 10% rental increases every five years throughout the initial terms and are structured on a Triple Net (NNN) basis, with minimal landlord responsibilities.